The Preserve of St. John Homeowners Association, Inc.

Key facts from The Preserve of St. John Homeowners Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision with Homeowners Association (Recitals: 'single family residential sub)

Units / lots

At least 57 in Phase 1: Lots 1-55 (Standard), Lots 56-57 (Estate); additional Lots possible in later phases via Added Property (Section 11.09(a)(1) and (3), Section 11.)

Governing law

Indiana law (Indiana not-for-profit corporation, Indiana Uniform Arbitration Act) (Section 1.04 (Indiana not-for-profit cor)

Assessments & dues

Initial $400 per Lot per year (until Board establishes different amount); paid in monthly installments unless otherwise (Section 10.02, Section 10.01)

Special assessments

Requires vote or written assent of >50% of votes of a quorum of Members for purposes other than sanctions; for sanctions, may be levied by Board vote (Section 10.03)

Collections & liens

Unpaid assessments constitute a lien on the Lot; may be enforced by suit, judgment, and foreclosure; lien subordinate to first mortgages (Section 10.01, 10.04, 10.07)

Reserves & fees

Board may include a capital contribution establishing a reserve fund in the budget (Section 10.02); capital budget prepared annually (Section 10.05) (Section 10.02, 10.05)

Pets

Dogs, cats, and other common household pets allowed; not for breeding or commercial purposes (Section 3.17)

Leasing & rentals

Yes, with written lease; initial term not less than 6 months; subsequent terms not less than 30 days (Section 3.05)

Parking & vehicles

Commercial vehicles over one-half ton prohibited from parking on Lot for more than 48 hours (Section 3.16)

Fences

Wrought iron style fences only; chain link prohibited; must be approved by ARC/Declarant and permitted by Town of St. John (Section 3.08)

Architectural approval

Yes – Architectural Review Committee (ARC) or Declarant must approve all improvements, changes in exterior plans, fences, etc. (Section 11.03, 11.04)

Home business

Not explicitly permitted; 'no immoral, improper, offensive or unlawful use' (Section 3.23); likely not allowed without implicit restriction (Section 3.23)

Setbacks / home size

Must comply with setback lines established in the plat and local zoning codes; no deviation unless variance approved by Board of Zoning Appeals and Declarant (Section 3.03)

Maintenance

Owner responsibility (as part of residence maintenance) (Section 5.02)

Insurance

Association may obtain public liability policy covering Common Area; minimum limits: $1,000,000 single person, $1,000,000 per occurrence, $2,000,000 aggregate, $250,000 property damage (Section 6.01)

Use restrictions

Residential Units used only for single-family residential, personal recreational and related purposes (Section 3.01)

Voting & meetings

Class A (other Owners): 1 vote per Lot; Class B (Declarant): 5 votes per Lot until conveyance or election (Section 4.02)

Amendments

Declaration: affirmative vote of not less than 3/4 of votes of Members (not 3/4 of a quorum) plus approval of 3/4 of Board; must be recorded; no amendment can revoke Declarant's rights without written consent (Section 13.01)

Amenities

Common Area includes Outlots C & D and entrance area/signage; no pool, clubhouse, gym specified (Section 1.05)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.